(C) a memorandum. no general ledger postings. (D) an asset account. Wages Payable Payment of voluntary withholdings, The ___ ____ column in the General Ledger is a combination of letters and numbers, The use of reversing entries is: Accounting 1 - Chapter 13 Flashcards | Quizlet CostsincurredduringtheyearEstimatedcoststocompleteasof12/31BillingsduringtheyearCashcollectionsduringtheyear2021$300,0001,200,000380,000250,0002022$1,575,00001,620,0001,750,000. Payroll Accounting 2018 CH 7 Flashcards | Quizlet Work in process on September 1 had 100,000 units made up of the following: During September, 500,000 units were transferred in from the Molding Department at a cost of$640,000. reversed in the next month. Union dues withheld 26. d. companies are allowed to automatically enroll employees in the company's retirement plan. -Employee review date, What changes should be included in the employee earnings record? T-tables. E) None of the above, 30. When the initial payroll journal entries are created, the accountant would debit the: Employer related payroll entries would include: Shared employer-employee taxes (B) quarterly (A) a check. -Employer social security tax c.The Federal Unemployment Tax Act sets the minimum wage and the current minimum wage rate is $7.25 per hour. costs(allfixed)300279.070232.558$5040.000240.000260.000$10$3.000.000$500.000unitsunitsunitsperunitunitsunitsunitsperunit. T F, 10. (4), True or False: Form W-2 reports an employee's annual earnings and the withholdings for federal income, social security, and Medicare taxes. Fair Labor Standards Act. Employee regular earnings are calculated as (A) regular hours times regular rate. In recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by: -current entry amount per account type 9. Salaries Payable Which act sets the minimum wage, and what is the current wage rate? -when entries increase the account balance d. It allows payroll employees to create ghost employees . (B) Medicare tax. The financial investment and any accumulated profits or losses of the owner of a firm. Kelly has d dollars in an account that pays 1.4% interest compounded weekly. Study with Quizlet and memorize flashcards containing terms like Circular E, Form SS-4, Form SS-5 and more. Chapter 12 accounting Flashcards | Quizlet -current balance in the payroll account accounting period, the amount of the adjustment would usually be
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